After finishing BB analyst stint and exiting to PE, HF, VC does pay skyrocket?

For the majority of peole, no. The pay is at best the same or less. The main difference is the quality of work and the hours. You might only get 200k, but your hours will be a fair amount less and the work will be more enjoyable.

Why do so many people then leave the Bulge Bracket investment banks and attempt to make their fortunes in PE, HF, or VC.

If you think about all the people that use banking as a stepping stone, if you decide to be a career banker, your odds of reaching Managing Director improve significantly considering how many people decide to leave after completing their analyst role.

Yes, the lifestyle may suck but you are improving your odds of reaching senior management status such as Managing Director and really having a great lifestyle (out of the office).

Jambaman, think reinvestment

I agree- a lot of the reasons you want to be on the buyside have little to do with pure finances.

Not everybody wants to spend their 20's doing mind-numbingly boring work until 2 AM, when they can do slightly less boring work until 10 pm and maybe, just maybe get a slice of the pie later on.

500k vs 1.5m a year = not enough difference in lifestyle to give up your 20s

i think that on average, PE comp is comparable to banking comp at the same levels. However, the range is much wider vs. banking, so that some PE firms pay much higher than bankers and some pay much lower. As you get more senior, I think that the difference in PE pay relative to banking begins to grow, but tilted towards higher. Thus the lowest paid PE partner is probably still doing alright relative to the average MD, but the compensation of the highest paid partners outpaces that of bankers.

btw-- i don't think bankers make 1.5mm in their 20s...

I've heard of people that were offered 500K+ at a hedge fund after their first two years of banking at a BB.

Thats outrageous...what hedge fund?

I'm not sure what hedge fund. This guy might have been an associate, but I am almost positive I heard it was his 3rd year after college when he was offered this much money. He worked in the health care division of a BB.

And he turned down the offer because it wansn't high enough. This was probably a unique case though.

it was most definitely a unique case. People do not earn that much money normally at such a young age

why is it that in the ny times there is a compensation discrepancy b/w ibanking nd pe?
http://graphics8.nytimes.com/images/2007/04/03/business/0404-biz-2dsubPA...

You might work 65 hours instead of 100, but in with your spare time you can take up a second job (I heard bartending pays quite well) or start a search engine or something, if you're that insane.

Or you can have a social life with the 35 spare hours.

Seriously, would you shut the fuck up? You're the one who started this thread asking for advice and information regarding PAY. Then, 6 posts down, you're telling someone what people "definitely" do and do not earn at what age. Nobody wants to hear your shitty and uninformed opinion. Asking questions is fine, but I constantly see you posting these 'facts' all over the forum and I don't know why you even bother.

what school are you at, jamba?

How many 25-year olds do you know PERIOD? eh?

Upside is higher in PE.

It's a non-target school. Although I do have a very high gpa that worked in my favor. Ultimately I figured out how to network to get myself in.

It doesn't matter what school I'm coming from because I got an internship and if it makes your ego any greater knowing that I go to a non-target then I'm happy for you. (If your not doing this in a condescending manner, I apologize)

I think we should let the level of our position once we are FT do the talking about who is better.

I love how Zalas like would you shut the fuck up and its on an online message board. hahaha kind of funny.